AUD/JPY – 1H – BUYThe combination Australian Dollar/Japanese Yen (AUD/JPY) goes from the ascending trendline up.
A continuation of the upward movement up to the next resistance line at 98.28500 will continue.
Caution: A possible trend reversal in the direction of support at could occur.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish signal. The currency pair could go up.
Besides a ‘Northern Doji’ candle chart pattern is detected. The chart forms ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 98.28500 |
| Current Price | 98.22800 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
98.28500 – 97.74 – 97.322 – 97.944 – 97.393 – 96.81 — 51.812977763049 – 55.51026467832 — 35.413600891862 – 45.683805054993 – 36.851727982163 – 39.059967719929
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji – – –